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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2015
SUBSIDIARY GUARANTOR FINANCIAL INFORMATION [Abstract] |
Condensed Financial Information, Condensed Statement of Operations [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Three Months Ended March 31, 2015
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 193,973 |  |  | $ | 208,086 |  |  | $ | — |  |  | $ | 402,059 |
Cost of sales | 231 |  |  | 167,951 |  |  | 191,083 |  |  | — |  |  | 359,265 |
Gross profit (loss) | (231 | ) |  | 26,022 |  |  | 17,003 |  |  | — |  |  | 42,794 |
Selling, general and administrative expenses | 2,634 |  |  | 15,379 |  |  | 17,661 |  |  | — |  |  | 35,674 |
Research and development expenses | — |  |  | 1,000 |  |  | 2,086 |  |  | — |  |  | 3,086 |
Royalty expense | — |  |  | 1,924 |  |  | 1,301 |  |  | — |  |  | 3,225 |
Income (loss) from operations | (2,865 | ) |  | 7,719 |  |  | (4,045 | ) |  | — |  |  | 809 |
Interest expense | (8,115 | ) |  | — |  |  | (641 | ) |  | — |  |  | (8,756 | )
Intercompany interest income (expense) | 142 |  |  | — |  |  | (142 | ) |  | — |  |  | — |
Other income (expense) | 5,397 |  |  | (379 | ) |  | 3,265 |  |  | — |  |  | 8,283 |
Income (loss) before income taxes | (5,441 | ) |  | 7,340 |  |  | (1,563 | ) |  | — |  |  | 336 |
Provision (benefit) for income taxes | 2,389 |  |  | 2,693 |  |  | (3,686 | ) |  | — |  |  | 1,396 |
Equity in earnings of subsidiaries | 6,770 |  |  | — |  |  | (163 | ) |  | (6,607 | ) |  | — |
Net income (loss) | (1,060 | ) |  | 4,647 |  |  | 1,960 |  |  | (6,607 | ) |  | (1,060 | )
Net loss noncontrolling interests | — |  |  | — |  |  | (1,292 | ) |  | — |  |  | (1,292 | )
Net income (loss) attributable to Titan | $ | (1,060 | ) |  | $ | 4,647 |  |  | $ | 3,252 |  |  | $ | (6,607 | ) |  | $ | 232 |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Three Months Ended March 31, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 263,958 |  |  | $ | 274,982 |  |  | $ | — |  |  | $ | 538,940 |
Cost of sales | 210 |  |  | 228,239 |  |  | 255,941 |  |  | — |  |  | 484,390 |
Gross profit (loss) | (210 | ) |  | 35,719 |  |  | 19,041 |  |  | — |  |  | 54,550 |
Selling, general and administrative expenses | 1,644 |  |  | 18,990 |  |  | 26,201 |  |  | — |  |  | 46,835 |
Research and development expenses | — |  |  | 2,153 |  |  | 1,557 |  |  | — |  |  | 3,710 |
Royalty expense | — |  |  | 1,848 |  |  | 1,893 |  |  | — |  |  | 3,741 |
Income (loss) from operations | (1,854 | ) |  | 12,728 |  |  | (10,610 | ) |  | — |  |  | 264 |
Interest expense | (8,262 | ) |  | — |  |  | (997 | ) |  | — |  |  | (9,259 | )
Intercompany interest income (expense) | 1,684 |  |  | — |  |  | (1,684 | ) |  | — |  |  | — |
Other income (expense) | 342 |  |  | (55 | ) |  | 229 |  |  | — |  |  | 516 |
Income (loss) before income taxes | (8,090 | ) |  | 12,673 |  |  | (13,062 | ) |  | — |  |  | (8,479 | )
Provision (benefit) for income taxes | (6,040 | ) |  | 4,810 |  |  | (2,121 | ) |  | — |  |  | (3,351 | )
Equity in earnings of subsidiaries | (3,078 | ) |  | — |  |  | (877 | ) |  | 3,955 |  |  | — |
Net income (loss) | (5,128 | ) |  | 7,863 |  |  | (11,818 | ) |  | 3,955 |  |  | (5,128 | )
Net loss noncontrolling interests | — |  |  | — |  |  | (7,291 | ) |  | — |  |  | (7,291 | )
Net income (loss) attributable to Titan | $ | (5,128 | ) |  | $ | 7,863 |  |  | $ | (4,527 | ) |  | $ | 3,955 |  |  | $ | 2,163 |
Condensed Financial Information, Condensed Statement of Comprehensive Income [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2015
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (1,060 | ) |  | $ | 4,647 |  |  | $ | 1,960 |  |  | $ | (6,607 | ) |  | $ | (1,060 | )
Currency translation adjustment, net | (45,386 | ) |  | — |  |  | (45,386 | ) |  | 45,386 |  |  | (45,386 | )
Pension liability adjustments, net of tax | 9 |  |  | 427 |  |  | (418 | ) |  | (9 | ) |  | 9 |
Comprehensive income (loss) | (46,437 | ) |  | 5,074 |  |  | (43,844 | ) |  | 38,770 |  |  | (46,437 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | (3,013 | ) |  | — |  |  | (3,013 | )
Comprehensive income (loss) attributable to Titan | $ | (46,437 | ) |  | $ | 5,074 |  |  | $ | (40,831 | ) |  | $ | 38,770 |  |  | $ | (43,424 | )
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (5,128 | ) |  | $ | 7,863 |  |  | $ | (11,818 | ) |  | $ | 3,955 |  |  | $ | (5,128 | )
Currency translation adjustment, net | 388 |  |  | — |  |  | 388 |  |  | (388 | ) |  | 388 |
Pension liability adjustments, net of tax | 717 |  |  | 450 |  |  | 267 |  |  | (717 | ) |  | 717 |
Comprehensive income (loss) | (4,023 | ) |  | 8,313 |  |  | (11,163 | ) |  | 2,850 |  |  | (4,023 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | (12,183 | ) |  | — |  |  | (12,183 | )
Comprehensive income (loss) attributable to Titan | $ | (4,023 | ) |  | $ | 8,313 |  |  | $ | 1,020 |  |  | $ | 2,850 |  |  | $ | 8,160 |
Condensed Financial Information, Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Balance Sheets March 31, 2015
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (As restated) |  |  |  | (As restated) |  |  |  | (As restated)
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 138,935 |  |  | $ | 45 |  |  | $ | 51,571 |  |  | $ | — |  |  | $ | 190,551 |
Accounts receivable, net | — |  |  | 87,364 |  |  | 152,104 |  |  | — |  |  | 239,468 |
Inventories | — |  |  | 102,542 |  |  | 204,776 |  |  | — |  |  | 307,318 |
Prepaid and other current assets | 22,889 |  |  | 18,082 |  |  | 55,296 |  |  | — |  |  | 96,267 |
Total current assets | 161,824 |  |  | 208,033 |  |  | 463,747 |  |  | — |  |  | 833,604 |
Property, plant and equipment, net | 7,403 |  |  | 153,916 |  |  | 321,274 |  |  | — |  |  | 482,593 |
Investment in subsidiaries | 705,156 |  |  | — |  |  | 110,226 |  |  | (815,382 | ) |  | — |
Other assets | 50,522 |  |  | 1,227 |  |  | 74,529 |  |  | — |  |  | 126,278 |
Total assets | $ | 924,905 |  |  | $ | 363,176 |  |  | $ | 969,776 |  |  | $ | (815,382 | ) |  | $ | 1,442,475 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 29,753 |  |  | $ | — |  |  | $ | 29,753 |
Accounts payable | 1,381 |  |  | 18,674 |  |  | 132,868 |  |  | — |  |  | 152,923 |
Other current liabilities | 35,622 |  |  | 45,250 |  |  | 53,537 |  |  | — |  |  | 134,409 |
Total current liabilities | 37,003 |  |  | 63,924 |  |  | 216,158 |  |  | — |  |  | 317,085 |
Long-term debt | 460,161 |  |  | — |  |  | 33,607 |  |  | — |  |  | 493,768 |
Other long-term liabilities | 11,765 |  |  | 19,892 |  |  | 56,580 |  |  | — |  |  | 88,237 |
Intercompany accounts | (48,997 | ) |  | (226,046 | ) |  | 275,043 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 72,630 |  |  | — |  |  | 72,630 |
Titan stockholders' equity | 464,973 |  |  | 505,406 |  |  | 309,976 |  |  | (815,382 | ) |  | 464,973 |
Noncontrolling interests | — |  |  | — |  |  | 5,782 |  |  | — |  |  | 5,782 |
Total liabilities and stockholders’ equity | $ | 924,905 |  |  | $ | 363,176 |  |  | $ | 969,776 |  |  | $ | (815,382 | ) |  | $ | 1,442,475 |
(Amounts in thousands) | Consolidating Condensed Balance Sheets December 31, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
| (As restated) |  |  |  | (As restated) |  |  |  | (As restated)
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 129,985 |  |  | $ | 4 |  |  | $ | 71,462 |  |  | $ | — |  |  | $ | 201,451 |
Accounts receivable, net | (55 | ) |  | 63,645 |  |  | 135,788 |  |  | — |  |  | 199,378 |
Inventories | — |  |  | 103,230 |  |  | 228,202 |  |  | — |  |  | 331,432 |
Prepaid and other current assets | 26,803 |  |  | 21,105 |  |  | 55,761 |  |  | — |  |  | 103,669 |
Total current assets | 156,733 |  |  | 187,984 |  |  | 491,213 |  |  | — |  |  | 835,930 |
Property, plant and equipment, net | 7,590 |  |  | 160,318 |  |  | 359,506 |  |  | — |  |  | 527,414 |
Investment in subsidiaries | 745,084 |  |  | — |  |  | 109,768 |  |  | (854,852 | ) |  | — |
Other assets | 51,381 |  |  | 827 |  |  | 80,172 |  |  | — |  |  | 132,380 |
Total assets | $ | 960,788 |  |  | $ | 349,129 |  |  | $ | 1,040,659 |  |  | $ | (854,852 | ) |  | $ | 1,495,724 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 26,233 |  |  | $ | — |  |  | $ | 26,233 |
Accounts payable | 1,795 |  |  | 10,876 |  |  | 133,634 |  |  | — |  |  | 146,305 |
Other current liabilities | 28,519 |  |  | 45,291 |  |  | 55,208 |  |  | — |  |  | 129,018 |
Total current liabilities | 30,314 |  |  | 56,167 |  |  | 215,075 |  |  | — |  |  | 301,556 |
Long-term debt | 460,161 |  |  | — |  |  | 36,342 |  |  | — |  |  | 496,503 |
Other long-term liabilities | 15,244 |  |  | 20,867 |  |  | 71,496 |  |  | — |  |  | 107,607 |
Intercompany accounts | (56,426 | ) |  | (228,307 | ) |  | 284,733 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 71,192 |  |  | — |  |  | 71,192 |
Titan stockholders' equity | 511,495 |  |  | 500,402 |  |  | 354,450 |  |  | (854,852 | ) |  | 511,495 |
Noncontrolling interests | — |  |  | — |  |  | 7,371 |  |  | — |  |  | 7,371 |
Total liabilities and stockholders’ equity | $ | 960,788 |  |  | $ | 349,129 |  |  | $ | 1,040,659 |  |  | $ | (854,852 | ) |  | $ | 1,495,724 |
Condensed Financial Information, Condensed Statement of Cash Flows [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Statements of Cash Flows For the Three Months Ended March 31, 2015
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by (used for) operating activities | $ | 9,788 |  |  | $ | 1,481 |  |  | $ | (18,236 | ) |  | $ | (6,967 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (181 | ) |  | (1,456 | ) |  | (9,782 | ) |  | (11,419 | )
Other, net | — |  |  | 16 |  |  | 2,318 |  |  | 2,334 |
Net cash used for investing activities | (181 | ) |  | (1,440 | ) |  | (7,464 | ) |  | (9,085 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | 11,102 |  |  | 11,102 |
Payment on debt | — |  |  | — |  |  | (1,456 | ) |  | (1,456 | )
Excess tax benefit from stock-based compensation | (388 | ) |  | — |  |  | — |  |  | (388 | )
Dividends paid | (269 | ) |  | — |  |  | — |  |  | (269 | )
Net cash provided by (used for) financing activities | (657 | ) |  | — |  |  | 9,646 |  |  | 8,989 |
Effect of exchange rate change on cash | — |  |  | — |  |  | (3,837 | ) |  | (3,837 | )
Net increase (decrease) in cash and cash equivalents | 8,950 |  |  | 41 |  |  | (19,891 | ) |  | (10,900 | )
Cash and cash equivalents, beginning of period | 129,985 |  |  | 4 |  |  | 71,462 |  |  | 201,451 |
Cash and cash equivalents, end of period | $ | 138,935 |  |  | $ | 45 |  |  | $ | 51,571 |  |  | $ | 190,551 |
(Amounts in thousands) | Consolidating Condensed Statements of Cash Flows For the Three Months Ended March 31, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by operating activities | $ | 9,782 |  |  | $ | 737 |  |  | $ | 7,472 |  |  | $ | 17,991 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (120 | ) |  | (3,486 | ) |  | (13,148 | ) |  | (16,754 | )
Acquisition of additional interest | (25 | ) |  | — |  |  | (12,651 | ) |  | (12,676 | )
Decrease in restricted cash deposits | — |  |  | — |  |  | 14,188 |  |  | 14,188 |
Other, net | — |  |  | 2,754 |  |  | 524 |  |  | 3,278 |
Net cash used for investing activities | (145 | ) |  | (732 | ) |  | (11,087 | ) |  | (11,964 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | 6,945 |  |  | 6,945 |
Payment on debt | — |  |  | — |  |  | (4,248 | ) |  | (4,248 | )
Proceeds from exercise of stock options | 20 |  |  | — |  |  | — |  |  | 20 |
Excess tax benefit from stock-based compensation | (2 | ) |  | — |  |  | — |  |  | (2 | )
Payment of financing fees | (33 | ) |  | — |  |  | — |  |  | (33 | )
Dividends paid | (268 | ) |  | — |  |  | — |  |  | (268 | )
Net cash provided by (used for) financing activities | (283 | ) |  | — |  |  | 2,697 |  |  | 2,414 |
Effect of exchange rate change on cash | — |  |  | — |  |  | 2,293 |  |  | 2,293 |
Net increase in cash and cash equivalents | 9,354 |  |  | 5 |  |  | 1,375 |  |  | 10,734 |
Cash and cash equivalents, beginning of period | 81,472 |  |  | 4 |  |  | 107,884 |  |  | 189,360 |
Cash and cash equivalents, end of period | $ | 90,826 |  |  | $ | 9 |  |  | $ | 109,259 |  |  | $ | 200,094 |

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